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Maximize Tax Savings by Contributing to a ‘Spousal IRA’

March 26, 2024
You can still lower your tax bill with a 'spousal IRA' contribution

Are you looking to lower your 2023 tax bill or boost your refund? One lesser-known retirement savings strategy for married couples could help you do just that. It’s called a spousal IRA, and it’s a … Read more

Categories Personal Finance Tags Contributing, IRA, Maximize, savings, Spousal, tax

Binance executive evades Nigerian detention after facing fresh tax accusations

March 25, 2024
Binance executive escapes Nigerian custody as authorities file new tax charges

Cryptocurrency exchange Binance faces new tax evasion charges in Nigeria, as one of its executives escapes custody and the other remains detained. The Federal Inland Revenue Service in Nigeria has filed charges against Binance for … Read more

Categories Finance Tags accusations, Binance, detention, evades, Executive, facing, Fresh, Nigerian, tax

The IRS has issued 43 million tax refunds, totaling $135 billion

March 21, 2024
The IRS has so far issued 43 million tax refunds, worth $135 billion

Tax Season: Why Many Taxpayers Wait to File It’s that time of year again – tax season. For many Americans, the thought of filing taxes can be daunting. Some taxpayers file their taxes as soon … Read more

Categories Personal Finance Tags billion, IRS, issued, Million, refunds, tax, totaling

Biden’s budget retains tax exemption for student loan forgiveness

March 18, 2024
Student loan forgiveness would remain tax-free under Biden's budget

Student Loan Forgiveness and Tax Implications: What You Need to Know U.S. President Joe Biden recently spoke at the Pieper-Hillside Boys & Girls Club in Milwaukee, Wisconsin, addressing the issue of student loan forgiveness. This … Read more

Categories Personal Finance Tags Bidens, budget, exemption, forgiveness, loan, retains, student, tax

Reduce your future tax exposure by giving from your estate now

March 17, 2024
Give from your estate now to reduce your tax exposure later

Title: Understanding the Impending Changes to the Federal Estate Tax Exemption The federal estate-tax exemption is a valuable tool for wealthy families looking to minimize inheritance tax liabilities. However, changes are on the horizon that … Read more

Categories Financial Advisor Tags estate, exposure, Future, giving, Reduce, tax

Who is eligible for free tax filing through the IRS this season

March 17, 2024
Here's who qualifies for free tax filing through the IRS this season

Tax season is here, and many Americans are looking for easy and free ways to file their taxes. The IRS has introduced the Direct File pilot program in 12 states, which allows eligible taxpayers to … Read more

Categories Personal Finance Tags eligible, filing, free, IRS, season, tax

Before filing your 2023 tax return, be sure to know these 3 key things

March 16, 2024
Here are 3 key things to know before filing your 2023 tax return

With one month left until the federal tax deadline, it’s time to start thinking about filing your taxes. The IRS has already received about 54 million individual returns, but there are still some key things … Read more

Categories Personal Finance Tags filing, key, return, tax
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